Singapore’s property market is in the throes of a 2008-type mania, with landlords squeezing tenants for the last possible cent. The previous bout of frenzy ended with the collapse of Lehman Brothers. This time, too, stratospheric apartment rents will return to earth, though the process is unlikely to be as swift as the city-state’s expat community might hope for. Among ...

  Does an industrial-sized dog whistle go off when advocates boast about cryptocurrency’s ability to evade US government sanctions? Back in March, a founder of Tornado Cash — a so-called “mixer” service that masks cryptocurrency transactions by mixing them with others — told Bloomberg it would be “technically impossible” for sanctions to be enforced against decentralised protocols. Surprise: Tornado has ...

  Against all expectation (not a single economist polled by Bloomberg had predicted it), the People’s Bank of China (PBOC) has cut interest rates. The ease was only by 10 basis points, to the bank’s one-year lending rate, but it was still in the exact opposite direction to the monetary route being taken in the west and in the rest ...